Toyota Motor (TM) 6-K Table of ContentsFY2017 Second Quarter Consolidated Financial Results

Supplemental Material for Financial Results for FY2017 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2016																		FY2017									FY2017
	1Q (2015/4-6)			2Q (2015/7-9)			First Half 6 months (2015/4-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			1Q (2016/4-6)			2Q (2016/7-9)			First Half 6 months (2016/4-9)			Forecast 12 months (’16/4-’17/3)
Vehicle Production (thousands of units)		2,093			2,166			4,259			2,146			2,171			8,576			2,149			2,240			4,389
(Japan) – including Daihatsu & Hino		941			1,000			1,941			1,010			1,030			3,981			934			1,059			1,993
[Daihatsu & Hino]		[193	]		[187	]		[380	]		[205	]		[224	]		[809	]		[194	]		[215	]		[409	]
(Overseas) – including Daihatsu & Hino		1,152			1,166			2,318			1,136			1,141			4,595			1,215			1,181			2,396
[Daihatsu & Hino]		[80	]		[68	]		[148	]		[80	]		[74	]		[302	]		[86	]		[95	]		[181	]
North America		527			462			989			464			516			1,970			527			508			1,035
Europe		135			132			267			152			145			565			144			135			279
Asia		372			438			810			414			382			1,605			420			409			829
Central and South America		65			75			140			55			60			255			69			69			138
Oceania		24			28			52			23			21			95			21			27			47
Africa		29			31			60			28			17			105			34			33			68
Vehicle Sales (thousands of units)		2,114			2,164			4,278			2,215			2,189			8,681			2,172			2,191			4,363			8,850
(Japan) – including Daihatsu & Hino		470			514			984			493			583			2,059			511			567			1,078			2,200
[Daihatsu & Hino]		[129	]		[137	]		[266	]		[141	]		[186	]		[592	]		[132	]		[146	]		[278	]		[600	]
(Overseas) – including Daihatsu & Hino		1,644			1,650			3,294			1,722			1,606			6,622			1,661			1,624			3,285			6,650
[Daihatsu & Hino]		[76	]		[66	]		[142	]		[70	]		[70	]		[282	]		[72	]		[70	]		[142	]		[280	]
North America		729			684			1,413			728			698			2,839			715			684			1,400			2,820
Europe		206			201			407			210			226			844			222			212			434			950
Asia		328			325			654			362			329			1,345			384			381			765			1,560
Central and South America		98			112			209			90			93			392			101			110			210			400
Oceania		62			61			123			75			61			260			64			65			129			250
Africa		52			55			107			44			40			191			43			47			90			190
Middle East		167			210			377			211			158			744			130			124			254			480
Other		2			2			4			2			1			7			2			1			3
Total Retail Unit Sales (thousands of units) [Toyota, Daihatsu and Hino]		2,502			2,477			4,979			2,652			2,463			10,094			2,529			2,538			5,067			10,100
Housing Sales (units)		891			1,533			2,424			1,335			1,992			5,751			1,185			1,611			2,796			6,100

Supplemental 1

Supplemental Material for Financial Results for FY2017 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2016																		FY2017									FY2017
	1Q (2015/4-6)			2Q (2015/7-9)			First Half 6 months (2015/4-9)			3Q (2015/10-12)			4Q (2016/1-3)			12 months (’15/4-’16/3)			1Q (2016/4-6)			2Q (2016/7-9)			First Half 6 months (2016/4-9)			Forecast 12 months (’16/4-’17/3)
Foreign Exchange Rates
Yen to US Dollar Rate		121			122			122			121			115			120			108			102			105			as premise: 103
Yen to Euro Rate		134			136			135			133			127			133			122			114			118			as premise: 114
Market Share (Japan)
Toyota (excludingMini-Vehicles) (%)		47.9			45.4			46.6			49.5			44.9			46.8			49.7			49.3			49.5			approximately: 48.0
Toyota, Daihatsu and Hino(including Mini-Vehicles) (%)		43.3			42.3			42.7			45.9			42.0			43.2			47.0			46.1			46.5
Number of Employees		349,131			349,508			349,508			349,766			348,877			348,877			354,974			355,264			355,264	(Note 1)
Net Revenues (billions of yen)		6,987.6			7,103.8			14,091.4			7,339.8			6,971.7			28,403.1			6,589.1			6,481.4			13,070.5			26,000.0
Geographic Information
Japan		3,501.9			3,720.2			7,222.1			3,851.6			3,685.6			14,759.4			3,361.4			3,619.0			6,980.4
North America		2,840.4			2,690.3			5,530.7			2,856.9			2,664.1			11,051.9			2,534.5			2,341.8			4,876.3
Europe		644.0			665.2			1,309.3			656.9			695.0			2,661.3			621.8			604.0			1,225.9
Asia		1,142.9			1,298.1			2,441.0			1,361.1			1,201.5			5,003.8			1,182.6			1,118.9			2,301.5
Other		596.2			588.5			1,184.8			558.8			466.5			2,210.2			521.5			525.0			1,046.6
Elimination		-1,738.0			-1,858.6			-3,596.7			-1,945.6			-1,741.3			-7,283.7			-1,632.8			-1,727.5			-3,360.3
Business Segment
Automotive		6,411.3			6,471.5			12,882.9			6,715.0			6,379.4			25,977.4			6,029.0			5,908.9			11,938.0
Financial Services		470.3			479.6			949.9			483.9			462.2			1,896.2			438.9			432.0			870.9
All Other		256.9			294.5			551.5			283.0			342.7			1,177.3			249.0			283.8			532.8
Elimination		-150.9			-141.9			-292.9			-142.1			-212.7			-647.9			-127.8			-143.4			-271.2
Operating Income (billions of yen)		756.0			827.4			1,583.4			722.2			548.3			2,853.9			642.2			474.6			1,116.8			1,700.0
(Operating Income Ratio) (%)		(10.8	)		(11.6	)		(11.2	)		(9.8	)		(7.9	)		(10.0	)		(9.7	)		(7.3	)		(8.5	)		(6.5	)
Geographic Information
Japan		475.8			482.3			958.2			392.7			326.5			1,677.5			290.3			194.3			484.7
North America		126.8			148.5			275.3			150.7			102.6			528.8			171.4			139.8			311.2
Europe		7.8			22.3			30.2			20.5			21.6			72.4			9.0			25.5			34.5
Asia		100.0			144.0			244.1			134.8			70.2			449.1			127.4			95.3			222.7
Other		38.0			28.8			66.8			25.0			16.9			108.9			27.3			25.5			52.8
Elimination		7.3			1.2			8.5			-1.6			10.2			17.1			16.6			-5.9			10.7
Business Segment
Automotive		677.5			713.7			1,391.3			607.6			449.9			2,448.9			543.4			393.9			937.3
Financial Services		70.1			95.6			165.8			99.2			74.1			339.2			90.2			61.9			152.1
All Other		12.2			14.9			27.2			17.8			21.3			66.5			10.3			16.9			27.2
Elimination		-4.0			2.9			-1.0			-2.5			2.7			-0.7			-1.7			1.8			0.0
Income before Income Taxes (billions of yen)		845.2			829.8			1,675.1			777.7			530.4			2,983.3			677.0			499.4			1,176.5			1,900.0
(Income before Income Taxes Ratio) (%)		(12.1	)		(11.7	)		(11.9	)		(10.6	)		(7.6	)		(10.5	)		(10.3	)		(7.7	)		(9.0	)		(7.3	)
Equity in Earnings of Affiliated Companies (billions of yen)		100.9			60.7			161.6			106.0			61.3			329.0			90.0			78.3			168.3			300.0
Net Income (billions of yen)		646.3			611.7			1,258.1			627.9			426.6			2,312.6			552.4			393.7			946.1			1,550.0	(Note 2)
(Net Income Ratio) (%)		(9.3	)		(8.6	)		(8.9	)		(8.6	)		(6.1	)		(8.1	)		(8.4	)		(6.1	)		(7.2	)		(6.0	)
Dividends
Common Shares
Cash Dividends (billions of yen)		—			311.3			311.3			—			334.1			645.5			—			300.3			300.3	(Note 3)
Cash Dividends per Share (yen)		—			100			100			—			110			210			—			100			100
Payout Ratio (%)		—			25.0			25.0			—			32.2			28.3			—			32.1			32.1
Model AA Class Shares
Cash Dividends (billions of yen)		—			1.2			1.2			—			1.2			2.4			—			2.4			2.4	(Note 3)
Cash Dividends per Share (yen)		—			26			26			—			26			52			—			52.5			52.5
Value of Shares Repurchased (billions of yen)[actual purchase]		—			249.1			249.1			300.8			232.6			782.6			147.7			352.2			499.9	(Note 4)
Value of Shares Repurchased (billions of yen)[shareholder return]		—			139.3			139.3			—			499.9			639.3			—			200.0 (maximum	)		200.0 (maximum	(Note 4)  )(Note 5)
Number of Shares Canceled (thousands)		—			—			—			80,000			—			80,000			—			—			—	(Note 6)
Number of Outstanding Common Shares (thousands)		3,417,997			3,417,997			3,417,997			3,337,997			3,337,997			3,337,997			3,337,997			3,337,997			3,337,997
Number of Outstanding Model AA Class Shares (thousands)		—			47,100			47,100			47,100			47,100			47,100			47,100			47,100			47,100

Supplemental 2

Supplemental Material for Financial Results for FY2017 Second Quarter (Consolidated)

< U.S. GAAP >

	FY2016												FY2017							FY2017
	1Q (2015/4-6)		2Q (2015/7-9)		First Half 6 months (2015/4-9)		3Q (2015/10-12)		4Q (2016/1-3)		12 months (’15/4-’16/3)		1Q (2016/4-6)		2Q (2016/7-9)		First Half 6 months (2016/4-9)			Forecast 12 months (’16/4-’17/3)
R&D Expenses (billions of yen)		265.7		264.1		529.8		270.3		255.4		1,055.6		274.1		258.2		532.4			1,070.0
Depreciation Expenses (billions of yen)		200.3		216.7		417.0		226.8		241.2		885.1		205.8		215.1		421.0			910.0	(Note 7)
Geographic Information
Japan		99.5		115.7		215.3		121.3		129.4		466.2		111.9		120.2		232.1			520.0
North America		49.2		49.5		98.7		48.9		46.3		194.0		42.0		43.1		85.2			165.0
Europe		12.5		12.2		24.7		14.2		18.7		57.7		11.1		11.7		22.9			55.0
Asia		30.1		32.7		62.8		34.3		36.7		133.9		32.2		31.5		63.8			130.0
Other		8.9		6.4		15.4		7.9		9.8		33.1		8.4		8.3		16.7			40.0
Capital Expenditures (billions of yen)		300.1		260.4		560.6		303.5		428.3		1,292.5		253.3		257.8		511.1			1,340.0	(Note 7)
Geographic Information
Japan		109.1		141.6		250.7		145.2		250.8		646.8		135.1		137.3		272.5			745.0
North America		57.4		48.6		106.1		57.6		70.4		234.2		70.1		85.3		155.4			325.0
Europe		10.5		16.4		27.0		14.6		36.1		77.7		10.8		12.9		23.7			80.0
Asia		90.6		29.2		119.8		66.7		53.1		239.7		29.1		14.4		43.6			140.0
Other		32.4		24.4		56.8		19.2		17.7		93.9		8.0		7.7		15.7			50.0
Total Liquid Assets (billions of yen)		8,794.4		9,160.1		9,160.1		9,001.3		9,229.9		9,229.9		8,700.2		8,469.6		8,469.6	(Note 8)
Total Assets (billions of yen)		48,821.4		48,574.5		48,574.5		48,922.9		47,427.5		47,427.5		44,524.3		43,776.1		43,776.1
Toyota Motor Corporation Shareholders’ Equity (billions of yen)		17,205.0		17,039.6		17,039.6		17,287.4		16,746.9		16,746.9		16,127.8		16,391.9		16,391.9
Return on Equity (%)		15.2		14.2		14.8		14.6		10.0		13.8		13.4		9.6		11.4
Return on Asset (%)		5.4		5.0		5.2		5.2		3.5		4.9		4.8		3.6		4.1
Number of Consolidated Subsidiaries (including Variable Interest Entities)												548
No. of Affil. Accounted for Under the Equity Method												54

Analysis of Consolidated Net Income for FY2017(Note 2) (billions of yen, approximately)	2Q (2016/7-9)		First Half 6 months (2016/4-9)
Marketing Efforts		120.0		205.0
Effects of Changes in Exchange Rates		-330.0		-565.0
Cost Reduction Efforts		130.0		220.0
From Engineering		110.0		190.0
From Manufacturing and Logistics		20.0		30.0
Increases in Expenses, etc.		-195.0		-225.0
Other		-77.7		-101.5
(Changes in Operating Income)		-352.7		-466.5
Non-operating Income		22.3		-32.0
Equity in Earnings of Affiliated Companies		17.6		6.7
Income Taxes, Net Income Attributable to Noncontrolling Interests		94.7		179.9
(Changes in Net Income)(Note 2)		-218.0		-311.9

Supplemental 3